2012-12-01
2012-12-31
x steve
x virginia

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CSPAN 1
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writer steve moore also joins the panel. so, steve, this is really an interesting story that i don't think gets enough attention. >> i agree. >> paul: the reforms taking place across the country in a lot of states. who are the stars you're looking at? >> i entirely agreement with your premise, paul. if you look at, talk about the demise of the republicans on the national levels we're not seeing that on the state level. there are 30 republican governors today in america, the republicans actually picked up a governorship in north carolina so that south now is almost entirely republican, whereas just 25 years ago, it was pretty entirely democratic. and it's not just the south. states like-- >> what are they doing with that power, that's the interesting thing. >> so, they have the power and they are actually using it, af got states like kansas, and florida that have been cutting taxes aggressively to promote jobs. you've got a lot of the states in the mountain states that are republican, where they're aggressively promoting pro energy drilling policies to get at the national resources

economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms taking place across the country in a>> lot of states. who are the stars you are looking at? >> i entirely agree with your premise, paul. if you talk about the demise of the republicans on the national level, we are not really seeing that on the state level. 30 republican governors today in america. the republicans actually picked up a governorship in north carolina. so the south now is almost entirely republican whereas justen 25 years ago it was pretty entirely democratic. it is not just the south. states like utah and idaho and others. >> what are they doing with that power? that's the interesting thing. >> so they have the power, and they are using it. you have states like kansas and florida that have been cutting taxes aggressively to promote jobs. you have a lot of the states in the mountain states that are republican and are aggressively promoting pro energyer drilling policies to get at the pir natural resources. and the big story you ment

rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes in telling me why i'm wrong. and our other guest, david johnston wrote "the fine print." stephen, you are our resident anti-tax crusader. i totally agree every penny counts when it comes to your own money. when you compare the taxes most americans paid in past decades i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthiest among us chipping in a little bit more? i'm emphasizing just a little bit more. >> when you showed that chart of the tax rates that was exactly accurate. we had 70% tax rates in the '70s. that didn't turn out well. then we cut the rates significantly. went down to 50%, 28%. the rates went up to 35%. i would love to see you super impose on that chart the share of taxes paid by the rich. here is the interesting thing. >>> one of the reason the deficit went down is you had a big increase in the number of people making money. they paid more tax.

, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the debt level was about $2.5 trillion. now we are at 16.2 trillion. by the way every president goods back to dwight eisenhower has promised that they will balance the budget and the debt keeps getting bigger and bigger. the real tragedy is that over the last five years the debt has increased by almost $6 trillion. that is more money than was borrowed from 1776 through the year 1976. bill: that's ridiculous. >> it is a tragic situation. bill: what is the danger in this economically speaking for us. >> the danger is two fold. one is if you look at the budget right now and we continue on this pace of borrowing we are expected to do, trillion dollar deficits for as far as the eye can see we are looking at somewhere in the neighborhood of a trillion dollars each year bill in only ser

on apparently the fiscal cliff negotiations. we'll get in depth on that with steve moore ahead. all these politics play out in washington, d.c. what about your money? we'll have that next on "happening now." you know that little 50-pound thingy at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. simple. effective. take that, 50 pound thingy. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. jenna: there is breaking news. want to bring you back to the markets now. as they failed attempt at avoiding fiscal cliff sent stocks down. we're right around near the lows of session for the dow jones industrial average. there is a quick look at that we'll keep an eye on the markets. very volatile this time of year. significant that we're at this point now. also breaking this morning, house speaker john boehner is wrapping up remarks a short time a

? >> brian: who is that next guest? i believe it's ryan moore, the ceo and founder of rebo innovation. >> yeah. >> gretchen: he's here to show you how you can work out from the comfort of your own desk. how did you come up with the idea? >> close friend of ours passed away from cancer. we were inspired to join 100-mile, three mountain bicycle challenge. but we needed to train. we were having a hard time running our business, getting our work done while cycling indoors and training. so we looked for a device that would allow to us mount or computers, but nothing existed, so we made our own. after training for the event exclusively using what we made and riding it, we thought hey, this is a great idea. it really works. >> steve: it really does work. and brian was talking earlier about how when he works out at the gym, he's always reading. but what i've noticed is, and this is great because you've got a laptop here -- is it's often shaky. so it's hard to read. if you come up with this desk thing, foamy and i'm sure nasa helped you develop it, the computer stays absolutely rock steady whi

of the processors and storage. by the way in storage there's something called moore's law in processing, storage the greater change is double every nine months than 18 months. twice the rate. so but the point is in the technology world you have to think about the companys producing innovation not producing products and services in order to stay ahead of the curve. >> jonathan, you want to pick up on this? >> i'm sorry. i'm a philosopher. i don't know how to innovate. and what strikes me about innovation, of course, is that -- this is something the president gave us a good example a few minutes ago, retroviruses and basic medical science turned into very important, as part of the treatment, and understanding of hiv-aids. years later. if you think of the internet it was packet switching, then turned into the internet and finally the web. there's a myth about americans that we only care about application n fact we are the most effective basic science producers in history. now, the founders, to use an overused cliche, had innovation in their d.n.a. the articles of confederation required standards of

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